They were designed by a team of standby bankers and attorneys and are aligned with ISP98, the most widely used rules for standbys.Learn More Do you use UCP, ISP, and URDG for standbys or demand guarantees?Learn More The Institute of International Banking Law & Practice, a non-profit educational and research organization based in the United States, sponsors projects, programs, and publications intended to harmonize letter of credit law and practice.Since its formation in 1987, the Institute has been a leading force in the LC world.
Learn More The ISP98 Model Forms have been described as the most practical tool available for standby LC practice.
With a range of publications on LCs, standbys, and demand guarantees, as well as commercial fraud, the Institute offers extensive resources in trade finance.
The Institute also regularly brings together leaders of the letter of credit community from banks, law firms, regulatory agencies, importers, exporters, and third party intermediaries in interactive forums around the world designed to foster and promote the exchange of ideas.
When Hunt was initially asked if she thought she had done something wrong, she stated, “Do I think I made a mistake dating someone in high school, that I went to school with and I played basketball with? No, I don’t think I made a mistake.” The arrest affidavit describes some of the sexual encounters by the two girls.
Amongst them were two instances where they met in the bathroom stall at their high school.